TIDMINTU

RNS Number : 4656A

Intu Properties PLC

21 January 2020

LEI: 213800JSNTERD5CJZO95

intu properties plc ("intu" or the "Company")

intu announces that it has been notified of the below transactions in the Company's ordinary shares of 50 pence each, undertaken by Persons Closely Associated with John Whittaker, Deputy Chairman and a non-executive Director of the Company.

Following these transactions, the beneficial shareholding of John Whittaker remains unchanged, being 370,224,572 ordinary shares representing 27.322% of the ordinary shares in issue.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Peel Chapel No.4 Limited 
     --------------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status             PCA of John Whittaker (Deputy Chairman) 
     --------------------------  -------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                        intu properties plc 
     --------------------------  -------------------------------------------------- 
 b)   LEI                         213800JSNTERD5CJZ095 
     --------------------------  -------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------------ 
 a)   Description of the          Ordinary Shares of 50p 
       financial instrument, 
       type of instrument 
 
      Identification code         ISIN: GB0006834344 
 
 b)   Nature of the transaction     (i) Settlement of the final 11 tranches 
                                     of the derivative financing arrangement 
                                     notified on 12 October 2016, being 
                                     the automatic cash settlement of 
                                     such tranches of put options granted 
                                     to Peel Chapel No.4 Limited, each 
                                     tranche being over 1,060,000 shares 
                                     in the issuer on each of: 
 
                                     11 October 2019 
                                     18 October 2019 
                                     25 October 2019 
                                     01 November 2019 
                                     08 November 2019 
                                     15 November 2019 
                                     22 November 2019 
                                     29 November 2019 
                                     06 December 2019 
                                     13 December 2019 
                                     20 December 2019 
 
                                     No shares in the issuer are being 
                                     transferred by the Peel Group as 
                                     a result of such settlements. 
 
                                     (ii) Following the final settlement 
                                     of the derivative financing arrangement 
                                     first notified on 16 June 2015 and 
                                     amended and extended as notified 
                                     on 12 October 2016, the security 
                                     granted by Peel Chapel No.4 Limited 
                                     to the counterparty, being a share 
                                     pledge in respect of 53,000,000 Ordinary 
                                     Shares, has been fully released on 
                                     20 January 2020. Such Ordinary Shares 
                                     are therefore free from security. 
     --------------------------  -------------------------------------------------- 
 c)   Price(s) and volume(s) 
                                   ------------------------  -------------------- 
                                    Price(s) - GBP            Volume(s) 
                                   ------------------------  -------------------- 
                                    GBP2.55 (exercise         11 tranches of 
                                     price of put option)      put options, each 
                                                               tranche being 
                                                               over 1,060,000 
                                                               shares in the 
                                                               issuer 
                                   ------------------------  -------------------- 
 
 d)   Aggregated information      N/A 
 
      - Aggregated volume 
 
      - Price (GBP) 
 
      - Total 
 
 e)   Date of the transaction     See above. 
     --------------------------  -------------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue. 
     --------------------------  --------------------------------------------------

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END

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January 21, 2020 06:00 ET (11:00 GMT)

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